Four times in as many months did ABC publish inaccurate statements about US shale oil. A glut of mis-information. This is unacceptable because it leads to wrong policy decisions and has ultimately…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
US shale oil peak in 2015
The recent EIA drilling productivity reports show a peaking of shale oil production in the main production regions. https://www.eia.gov/petroleum/drilling/ Fig 1: Bakken production change from old/new wells The 1st panel shows that…
No ticket to ride at Sydney train station
Imagine you are a stressed Sydney motorist and you have finally decided to leave your car at home and take a train to the city. You arrive at a major station like…
Peak oil in the South China Sea (part 1)
The recent deployment of missile launchers and jet fighters on Woody Island of the Paracel islands have put the spotlight on the South China Sea (SCS). Fig 1: The 200 mile Economic Exclusion Zone…
World outside US and Canada doesn’t produce more crude oil than in 2005
After a delay of several months the US Energy Information Administration has published the latest international energy statistics for October 2015 This is an opportunity to update crude oil graphs http://crudeoilpeak.info/latest-graphs Fig…
IEA in Davos 2016 warns of higher oil prices in a few years’ time
World Economic Forum The Transformation of Energy Fig 1: WEF energy panellists 22/1/2016 From right to left: moderator Daniel Yergin (IHS), Fatih Birol (IEA), Hiroaki Nakanishi (Hitachi), Ignacio Sánchez (Iberdrola), Eric Xin…
The myth of US self-sufficiency in crude oil
Google for “US energy independence” and you will get 134k results, “US self sufficiency” yields 10k results. Here are some examples of what the media reports: In Aljazeera’s Inside Story, 10/1/2016, titled…
No glut in Australian petroleum inventories
The Australian Capital’s daily newspaper Canberra Times started the New Year by reprinting an article of the Daily Telegraph referring to an abundance of oil – without checking whether this also applies…
Fireworks calendar 2015
January Bush fires in Adelaide, Australia February Explosion in Kobani, Syria March Great Prophet 9 war games in Straits of Hormuz April Hanging tracks blasted over culvert washout on substandard main rail…
Where actually is that much-hyped global oil glut?
The media is full with news that there is a global oil glut. There are now more than 3bn barrels of excess oil in the world 13/11/2015 http://www.telegraph.co.uk/finance/oilprices/11993687/There-are-now-more-than-3bn-barrels-of-excess-oil-in-the-world.html Record oil glut stands…